DoubleTree Phoenix North

Phoenix, Arizona

Access Documents

The Offering

Investment Highlights

- Seller Financing Options Available

- Value-Add Opportunity – Significant Upside in Operations

- Hotel is on a Ground lease, Able to Purchase the land for $7M. 5.29 Acres, 3% of Gross Revenue, 99 year Ground Lease Signed in 1981, Valid Through 2080

- Converted from Radisson to DoubleTree in 2018

- Formation Interests announced their largest transformation of a 7-building office campus to a 23 acre Industrial Business Park surrounded by recreational fields several restaurants as well as the $1B Metrocenter and light-rail development. Expected completion Fall 2026

- Over 42 Million Tourists Visited Arizona in 2023, a $29.3B Economic Impact

- Located Along the I-17, 40,000 vehicles pass the hotel daily

- Close Proximity to Many Nearby Attractions such as Castles & Coasters, Various Professional Sports Teams and Casinos

- The DoubleTree Phoenix Metro North is located in the MetroCenter parking lot which is about to undergo a $850M renovation which includes 140,000 Sqft of retail, dining, public amenities, and no new hotels. $150M state funded light rail completed in 2024